EBRD LINE OF CREDIT FOR SUPPORTING MICRO-, SMALL- AND MEDIUM-SCALE ENTERPRISES’ COMPETITIVENESS

Intended for financing projects involving micro-, small- and medium-scale enterprises registered in the Republic of North Macedonia, more than 51 % of the capital of which is privately owned, aimed at promoting their competitiveness and improving their harmonization with the technical standards laid down in the EU directives and legislation.

Advantages

Amounts of up to Euro 1,000,000

Minimum loan repayment period of 18 months

Grace period of up to 12 months

Method of payment – quarterly or monthly

• After the project has been completed and verified successfully, 15 % of the total amount of the credit shall be reimbursed to the client.

Criteria and collaterals

Real estate mortgage

Pledge of movables

Executive bill of exchange in the form of a notary act

Other instruments that the Bank deems acceptable

This Line of Credit prohibits and excludes financing of the following:

Manufacturing and/or exports of weapons or military equipment

Financial institutions or companies providing financial services

Insurance companies

Real estate agencies

Production or exports of tobacco or alcohol

Sale of tobacco or alcohol (except when the sale of tobacco or alcohol is not the client’s primary business activity)

Casinos or other gambling facilities

Speculative ventures in property or currencies, or other speculative venture activities

Investment in securities of any kind, here also including investments in the shareholding capital of other companies

All activities included in the EBRD’s Environmental and Social Exclusion List